Accelerant acquired by THOMA BRAVO
Context
Thoma Bravo has entered into a definitive agreement to acquire Accelerant and take the company private, ending its listing on the New York Stock Exchange. The all-cash transaction provides for a specified per-share consideration to Accelerant shareholders and remains subject to customary closing conditions, including shareholder and applicable regulatory approvals. The transaction will return Accelerant to private ownership, providing a framework for management to pursue the platform’s development outside the pressures of the public markets. The deal is primarily driven by the complementarity between Thoma Bravo’s technology expertise and Accelerant’s data-driven insurance infrastructure and risk-management capabilities. Accelerant’s founders and Altamont Capital Partners, the company’s largest investor, intend to retain equity alongside Thoma Bravo. Completion is expected in the first half of 2027, subject in particular to the required insurance regulatory approvals.
Accelerant, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.4x).
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Target
Accelerant is a specialty insurance platform operating through the Accelerant Risk Exchange, a technology-enabled infrastructure connecting insurance underwriters with risk capital providers. Founded in 2018 and headquartered in Atlanta, the company leverages data analytics, real-time underwriting information and technology tools to support risk selection and pricing. Its model primarily serves the Managing General Agent (MGA) market, providing underwriters with access to capital capacity and supporting the development of insurance programmes. Accelerant combines insurance expertise, data and technology to facilitate interactions between underwriters and institutional investors. Its platform is designed to improve capital allocation and enable the development of specialised insurance portfolios.
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 1b - 4b USD
Revenue range: 500M - 1b USD
EBITDA range: 250M - 500M USD
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: accelerant
Acquirer: thoma bravo